To sell or not to sell is often a question many homeowners face when they realize they have outgrown their current home and need to upgrade. The thought of keeping the property as an investment is favourable, however also comes with many risks, such as not being able to tenant it or being subjected to fluctuations in the property market.
Yet most see that accumulating a property portfolio can be a very lucrative nest egg and is considered to be a desirable way to accumulate wealth, due to capital Read more [...]
What do you do when you need to sell a massive backlog of apartments still on the market due to tightening lending conditions from the banks? You introduce a post pay method for home seekers who are struggling to save for a deposit.
First there was Afterpay now there is Preposit!
For those of you who aren’t familiar with the concept, Afterpay is a digital service that makes it possible to buy something now and pay it off in fortnightly instalments over a set period of time. Unlike a layby, Read more [...]
The Rise Of The Buyers Agent – How The U.S. Trend Of Hiring Buyers Agents Is Capturing Australian Buyers Looking For Off Market Sales
A practice that has dominated the U.S., Canada and Europe for years is fast emerging in Australia, with many Australian house-hunters now opting to seek out buyers’ agents to help them find their dream homes, of which many are off market.
Whether it be due to lack of supply or simply because the buyer knows exactly what they want and it’s not listed, the buyer’s agent – an advocate who negotiates on behalf of a buyer, works to seek out prestige properties and investments which would usually Read more [...]
Auction day can be one of the most emotional and unnerving moments of any vendor’s life. As potential buyers and spectators gather at the auction site, it’s hard not to imagine both the best and worst case scenarios. The auction begins and although there are multiple bidders, they are not quite hitting the mark. The auctioneer calls for final bids, of which you hope there will be one last battle to get you closer to your dream number, then you hear the dreaded words… Sorry Ladies and Gentlemen, Read more [...]
Tougher conditions imposed by banks, rate rises, increased minimum deposits and harsher repayment terms, has seen parental lending increase by 25 per cent to about $20 billion in the past 12 months as reported by the Australian Financial Review, and it’s only going to get worse according to RBA governor Philip Lowe and ANZ CEO Shayne Elliot, who both warned this week that loans will become even more difficult to get after the poor behaviour of banks exposed in the banking royal commission.
Sydney’s property market saw tensions rise this weekend past with auction clearance rates dropping to 58.1 per cent as reported by Domain, as auctioneers who were confronted by a significant amount of “pass-in’s”, mediated standoffs between prospective buyers and vendors across the city.
The clearance rate for Saturday, one of the lowest of the year, was based on 378 reported auctions. However in addition to this, 76 properties were withdrawn, and a further 216 scheduled auction results Read more [...]
In today’s world of technology, there are many options for selling a home - some including the use of a real estate agent and some eliminating the agent entirely for example by using Purple Bricks. However few actually know exactly what goes into the process of selling a home, or what the benefits of having an agent is. We thought we might shed some light on this and take you through the entire process so you can decide whether an agent is right for you.
Why Use A Real Estate Agent
Renowned Read more [...]
The bustling streets of Sydney’s Kings Cross late at night may well be a thing of the past, and we’ve bid farewell to many of the old haunts that saw us consume a bevvie or 3, but although you are rarely now confronted with a vast array of late night types and party goers after midnight, the streets are still brimming with people, culture and great restaurants and bars, and property prices in the area are seeing a major boost. It’s still has great nightlife, just not post midnight night life.
Well-seasoned Read more [...]
According to Real Estate Australia’s first Property Outlook Report, Sydney has been named Australia's “most challenged city” following a 25 per cent plunge in property demand, whilst Hobart on the other hand is higher than anywhere in Australia.
The disheartening news for Sydneysiders is based on the number of realestate.com.au views last quarter compared with the same period last year. Whereas Hobart’s residential property market showed demand in the southernmost capital is double that Read more [...]